BellRing Brands price target lowered to $32 from $41 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on BellRing Brands (BRBR) to $32 from $41 and keeps an Overweight rating on the shares. In “an already challenging backdrop” for U.S. food stocks, the firm sees rising competitive risk as value-focused pricing, promotions, and private label momentum reaccelerate into 2026, the analyst tells investors in a note on the group.